HOW LONG DO YOU NEED TO STAY IN ONE COMPANY ?
CONTRIBUTED BY: ASHISH KAFLE
ASSISTANT MANAGER HUMAN RESOURCE AT CHAUDHARY GROUP
For a very long time now, staying in one company for longer periods of time would deem a person a loyal employee, something that was very much sought after in a potential recruit. Things aren’t quite the same in today’s current scenario and that is no longer a viable option for us.
On the other hand, change jobs too often and you’re considered a job hopper, which will not appeal to any hiring manager going through your resume. But again, stick around for too long, you might be considered unmotivated in growing your career or set in your own ways with the current organization’s culture.
Eventually, everyone thinks of moving out of their current company into something better and bigger. The reasons for moving out can be compared with the Maslow’s need hierarchy as an attraction pyramid.
Most employees change jobs for better opportunities, a higher salary, more benefits, flexible working hours and/ or a better job title with more challenging work. A better opportunity varies with every individual’s thought trend. That brings you to the question of why you’d need to change companies when you’re getting everything you require at your current job. But, in today’s world there are lots of policies and hindrances that will take a long way to get all this despite working to your full potential. Furthermore, when you move to another company, it will provide you a 25% to 50% hike in your current salary, extra benefits, promotions and other things that are expected by you from the company.
ACCORDING TO BUREAU OF LABOR STATISTICS (BLS) THE AVERAGE PERSON CHANGES JOBS TEN TO FIFTEEN TIMES (WITH AN AVERAGE OF 12 JOB CHANGES) DURING HIS OR HER CAREER.
HOW OFTEN PEOPLE CHANGE THEIR JOBS?
Sticking to the same job for years and years isn’t as honorable and sought after as it used to be. Workers now migrate from job to job in search of better opportunities. According to Bureau of Labor Statistics (BLS) the average person changes jobs ten to fifteen times (with an average of 12 job changes) during his or her career. So, if that is the case you need to stay at least 4 years 6 months in one company. So if you are a job hopper, you might want to rethink your decision before you move out of your current company.
SO, WHEN DO YOU NEED TO SEEK OPPORTUNITIES IS THE QUESTION?
According to an Economic News Release from the BLS, the median number of years that wage and salary workers had been with their current employer is currently 4.6 years.
HOWEVER, THAT VARIES BY AGE AND OCCUPATION:
- The median tenure for workers age 25 to 34 is 3.2 years
- The median tenure for employees age 65 and over is 10.3 years
- Workers in management, professional, and related occupations had the highest median tenure (5.5 years)
- Workers in service occupations had the lowest median tenure (3.2 years)
REMEMBER, THE PROFESSIONAL GRASS IS ALWAYS GREENER ON THE OTHER SIDE. BEFORE YOU LEAVE IT’S ALWAYS GOOD TO ASK QUESTIONS TO YOURSELF.
- Have I conducted the background check of the company that I am going to go to?
- Is it the right time to move?
- Does it fit into my career plan?
- Am I moving out for the right reasons?
- Where will this job change land me in future jobs?
It is your decision to stay for as many years in the same company as you wish. But, my suggestion is use of 333 formula (3 years 3 months and 3 days) if you are in the beginning phase of your career. Make wise decisions and think twice before you move out of your current company. Time will fly by if you have the answer to the question “why I am working? And what’s my career goal?”